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20131202
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Dec 8, 2013 11:25pm EST
and that they are free and often do trade stocks in the same defense companies. there was a study done in the journal of quantitative economics a few years ago where they looked at the stock portfolios of u.s. senators and what they found in the academic study was that the average american underperforms the stock market with the stock investment and the hedge fund beat it by 8% a year and by 12% a year so the question was always are these guys all incredibly brilliant investors or is there something else going on and i think that we all come to the idea of we don't have to deviate that very long. basically what happened is that the book came out and a 60 minutes did an excellent story on it. there was something that gathered steam called the stock act. it's not a bill that i was a big fan of because but it basically did is said yes inside trading was illegal for members of congress. the problem is that you are counting on the securities and exchange commission to enforce this and given that congress sets their budget, the fcc commissioners get confirmed by the senate they are just not going to enforc
Search Results 0 to 0 of about 1